The Fair Share Report
224 Latimer Ave
Berkeley, NJ 08721
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
This home's full record →Check another house →
Step 1 · Market value
Likely range $389,883 – $630,665, from 12 comparable Berkeley sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Berkeley assessments sit below market value — republished every October, applied town-wide. A $480,625 home should be assessed near $254,491.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $8,691 below what the ratio math suggests (3.4%).
Step 4 · The tax rate — same for every Berkeley home
$1.213 Schools · 47% $0.582 County · 22% $0.795 Town · 31%
Step 5 · The bill
This home vs. every recent Berkeley sale · assessed ÷ market
30%68%
Paying about right
This home's ratio lands inside Berkeley's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 236 CEDAR DR | 2025-02 | $824,900 | 1,840 | 46.9% |
| 78 DOLPHIN CIRCLE EAST | 2025-08 | $475,000 | 1,642 | 50.2% |
| 64 DOLPHIN CIRCLE EAST | 2025-03 | $489,900 | 1,642 | 48.0% |
| 18 LENA CT | 2025-03 | $500,000 | 1,642 | 53.3% |
| 292 JAMAICA BLVD | 2025-04 | $400,000 | 1,660 | 41.1% |
| 211 PINE DR | 2026-03 | $827,000 | 1,760 | 46.7% |
| 4 SYMPHONY AVE | 2026-06 | $410,000 | 1,687 | 51.6% |
| 100 TWENTIETH AVE | 2025-04 | $982,500 | 1,945 | 52.2% |
| 16 LENA CT | 2025-07 | $505,000 | 1,761 | 48.3% |
| 18 SKIMMER LANE | 2025-07 | $495,000 | 1,728 | 55.4% |
| 4 CANCUN ST | 2025-12 | $345,000 | 1,615 | 45.9% |
| 10 BOLTON CT | 2026-04 | $385,000 | 1,615 | 48.3% |
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